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Abstract Architectural Red Wave
10 February 20231 minute read

Canadian Startups, Emerging Companies and ‎Technology group continues to assist up-and-coming ‎companies‎ in their strategic growth

In the second half of 2022, our Canadian Startups, Emerging Companies and ‎Technology group advised ‎up-and-coming companies across multiple sectors in their continued growth. The group assisted with the ‎following transactions spanning the technology, biotech, life sciences, health, financial services and entertainment sectors:‎

Auctus
Robbie Grossman and Ilia Danef advised Auctus Fund, LLC in its Convertible Note investment into Kalgene Pharmaceuticals Inc., a Canadian biotechnology company.
         
Bluerush
Robbie Grossman, Sydney Kert, David Foulds and Matt Prucha advised BlueRush Inc., an emerging personalized video creation SaaS company, in its cross border US$3 million offering of convertible debentures.  
         
EasTower
Robbie Grossman, Amanda Vogeli, Kevin Fritz, Imran Dhanji and Nahal Iranpour advised EasTower Wireless Inc. (TSXV:ESTW), a US based telecommunications company, in connection with its $15.05 million reverse take-over and concurrent financing going public transaction. 
         
 Eneos       Mike Reid, Maneesha Dakha and Caroline Yao acted for ENEOS Holdings Inc. as investor in its ‎venture financing project in British Columbia.  ENEOS aims to be one of Asia’s leading ‎integrated energy companies, and is expanding around the globe.
         
 EXOK       Tyson Gratton and Ryan Black assisted independent video game developer Extremely OK Games, Ltd. on the fifth-anniversary physical release of its award-winning hit platformer, Celeste, on Nintendo Switch and Playstation 4. 
         
HALSA
Mike Reid and Caroline Yao acted for the purchasers in the acquisition of HÄLSA Spa.  HÄLSA Spa is a massage, infrared and float spa located in the Kitsilano neighbourhood of Vancouver, BC.
         
hotline
Ryan Black, Tyson Gratton, and Gavyn Backus assisted online decentralized fan engagement platform Hotline Communications Inc. in its founding and pre-seed preference share raise. 
         
LaSanta
Mike Reid, Denis Silva and Josh Sved assisted LaSanta Botanicals Ltd. in its private placement. LaSanta is licensed in Colombia to cultivate cannabis, fabricate and export cannabis extracts and trade in cannabis genetics. 
         
Long Table
Mike Reid acted for the founder/vendor in his sale of Long Table Distillery Ltd. Long Table is an award winning micro-distillery in downtown Vancouver, specializing in gin and other premium botanical spirits. 
         
 Powerhouse       Morgan McDonald supported Powerhouse Ventures in its SAFE investment into Adaptis Technologies. Powerhouse Ventures backs entrepreneurs in clean energy, mobility and climate building the digital infrastructure for rapid decarbonization. 
         
SafetyTek
Mike Reid, Josh Sved and Kevin Hoy acted for SafetyTek Software Ltd. in its acquisition by Safety Evolution Software Systems Inc.  The combined organization produced health and safety management software built by safety professionals. 
         
        Mike Reid acted for Sony Innovation Fund in connection with certain strategic  investments in Canadian entities.  Sony Innovation Fund invests in technology-driven transformational companies shaping the future of business, entertainment and society.
         
 Spring       Mike Reid, Morgan McDonald, Maneesha Dakha and Josh Sved acted for Spring IIC Investments No. 7 Ltd.’s investment into UVX Inc., as an SPV formed through Spring Activator’s Impact Investor Challenge. UVX is a healthtech product company, using far-UVC light technology to continuously kill pathogens in the air and on surfaces within seconds.
         
 Spring       Mike Reid, Morgan McDonald and Maneesha Dakha acted for Spring IIC Investments No. 8 Ltd.’s and other investors in their investment into VoxCell, as an SPV formed through Spring Activator’s Impact Investor Challenge. VoxCell is building solutions for the drug development industry and the field of Oncology research.
         
spring
Mike Reid, Morgan McDonald and Josh Sved acted for Spring IIC Investments No. 9 LTD.’s investment into CertiCraft Technologies Inc., as an SPV formed through Spring Activator’s Impact Investor Challenge. CertiCraft provides seed-to-sale compliance software for Canadian licensed cannabis producers.
         
Studio MDHR
Tyson Gratton and Ryan Black assisted independent video game developer Studio MDHR on the physical release of Cuphead & The Delicious Last Course across major platforms. 
         
Trendi
Mike Reid and Maneesha Dakha acted for TrendiTech Inc. in the second tranche of its Seed 2 equity financing. Trendi is creating solutions to help the farm & food industry upcycle organic food waste into delicious and nutritional products. 
         
 Welltold       Robbie Grossman, Sydney Kert, Kevin Fritz, Sangeetha Punniyamoorthy and MacKenzie Jordan advised The Well Told Company Inc. (TSXV:WLCO), a female-founded, emerging plant-based wellness company that formulates, develops, distributes and sells a variety of supplements, remedies and other functional wellness products, in connection with its private placement of unsecured convertible debenture units, led by Canaccord Genuity Corp., as lead agent on behalf of a syndicate of investment dealers, including Echelon Wealth Partners Inc. and Richardson Wealth Limited. Find out more
         

 

With lawyers across Canada and globally, DLA Piper is strategically positioned to serve and support ‎‎emerging growth companies wherever they do business. In today's challenging environment, we ‎provide ‎a range of strategic legal services to emerging companies that are designed to ‎‎assist businesses at ‎every stage of their life cycle. ‎We work with many of the world's leading startups and emerging ‎companies, offering strategic advice on corporate transactions, IP protection, ‎commercial contracts, ‎company structuring and ‎formation, regulatory compliance, ‎advocacy and litigation, and employment ‎matters‎.

Visit our Growing your Canadian Business page or DLA Piper's Accelerate site for practical insight and actionable suggestions designed to help you grow your business at every stage of its life cycle.

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